It was an interesting week in the world as the stock market rolled along with new market leadership. It seems as big tech companies with lots of cash are seen as less risky than previously thought. Ya think with billions in net cash on a balance sheet, comfort can be taken the world might not be ending. In general, if one is a pessimist, the stock market is not the best place to be participating in. When the boogy man is always around the corner, it becomes harder and harder to pull the trigger on what might be a good opportunity, especially if one is allocating lots of money to a potential purchase. You can always count on the guys on wall street to say, ya know, that stock has had a great run, lets take some off the table and see if we can find something better. Not that you can, but that is how Wall Street thinks because they always know everything.
The Romney- Gingrich race proved a little interesting as Newt scored a victory on his own turf. With Florida's election on Tuesday, we know of at least one Las Vegas native, a certain owner and wife of the Venetian, which thinks Gingrich is worth getting behind (to the tune of $10 million). We will find out more in a few days, but I think Romney wins Florida by 5, then romps in the next 5-10 states and wraps the nomination up early. The real issue is can he beat Obama, and he will need to be able to mobilize the Gingrich's, Santorum's, Palin, Limbaugh, etc., to give himself the best chance. I hate getting to wrapped up in politics because like sports, it tends to always break your heart as the leaders are always so bad. Romney, however, has a long track record of achievement in everything he has ever touched, so we hopes he can get the job done.
The U.S. Economy grew at 1.8% during the last quarter, faster than previously thought. Still, the country needs better growth and fast-http://www.nytimes.com/2012/01/28/business/economy/us-economy-grows-at-modest-2-8-percent-rate.html?_r=1&ref=business
Facebook is filing to go public, and their payment engine Payvment is a heck of a startup. If your interested in where Facebook is headed, this video does a good job of leading you there-http://techcrunch.com/2012/01/27/keen-on-payvment-making-ecommerce-more-social-tctv/
The demise of Research In Motion is illustrative of why technology is such a treacherous field for investors. Technology is always changing, and with investing, change is not necessarily a good thing-http://www.bloomberg.com/news/2012-01-27/innovate-without-mercy-is-the-enduring-lesson-of-rim-and-blackberry-view.html
The Super Bowl should be interesting, though it is hard for me to think Brady is not destined for a Joe Montana like performance. Still, if the Patriots cannot block the Giants front 4, it could be the same result as the last time they played in the big one. Hope everyone has a great weekend and if you have any comments or thoughts, please post them.
As always, on any company mentioned here, past performance is not a guarantee of future returns. Investing involves risk of losses on invested capital. One should research any investment and make sure it is suitable with your objectives, risk tolerance, risk profile liquidity considerations, tax situation, and anything else pertinent to your financial situation. Also, the CFA credential in no way implies investment returns will be superior for any charterholder.
(If you are interested in seeing the latest Seeking Alpha articles about specific stock picks from Yale Bock and Y H & C Investments, click the following links)
1) http://seekingalpha.com/article/320102-marchex-contender-or-pretender-in-the-mobile-advertising-industry
2) http://seekingalpha.com/article/317215-american-greetings-a-value-trap-or-a-good-opportunity-for-outsized-gains
3) http://seekingalpha.com/article/317139-usa-technologies-possibly-building-a-payment-processing-juggernaut
4) http://seekingalpha.com/article/315009-2-value-stocks-under-2-dollars
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